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A lease is a contract through which an owner of property (Lessor) conveys to another party (Lessee) the right to use the property for a period of time (Term) in return for a consideration (typically a periodic payment). A usage agreement. Not borrowing money (No stated interest rate). Real or personal property.

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Question #21: Is an applicant who owns eligible energy property eligible to receive payment if the energy property is leased to a non-profit or otherwise ineligible entity? Answer: Yes. If the owner of the energy property is the applicant and is otherwise eligible, the fact that the property is being leased to an ineligible entity does not impact the eligibility of the owner/applicant provided it is a true lease and not a disguised sale.